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  • BEIJING, Nov 10- China's $7 trillion card payment market is open to foreign and local applicants and regulators will not set a limit on the number of cards that issuers can grant in China, an official of the central bank said at a forum in Beijing on Tuesday. Significantly, overseas bank card providers such as Visa Inc and MasterCard Inc won't have to establish joint...

  • In the coming weeks, banking regulators including the Federal Reserve, the Federal Deposit Insurance Corp, and the Office of the Comptroller of the Currency are due to release the results of their regular look at banks' loan books known as the "shared national credit" review. Lenders have been guarding themselves from the declining creditworthiness of the...

  • Beset by regulation, bankers fear more pain ahead Thursday, 5 Nov 2015 | 9:25 AM ET

    LONDON, Nov 5- Even as world leaders prepare to endorse new banking rules to draw a line under the financial crisis, many bankers see no end in sight to the painful demands on an industry that became the focus of public and political anger. More than six years after the 2008-09 crisis, the Group of 20 economies is this month set to approve the last major piece of...

  • "We are asking for very substantial changes on the part of these firms," Yellen said in response to questions from a U.S. House of Representatives panel about why the Fed's assessment of earlier wind-up plans submitted by big banks in 2013 was not as publicly critical as that of another bank regulator, the Federal Deposit Insurance Corp. The FDIC said in August 2014...

  • 'China isn't a great long-term economic planner' Monday, 26 Oct 2015 | 10:31 PM ET
    'China isn't a great long-term economic planner'

    China's political leaders will focus Fifth Plenum discussions on economic growth, says John Lee, senior fellow at Hudson Institute.

  • BOSTON, Oct 26- Massachusetts' top securities regulator said on Monday he had charged a brokerage unit of Fidelity Investments with "dishonest and unethical conduct" by allowing unregistered investment advisers to make trades on its broker-dealer platform. An administrative complaint said Fidelity Brokerage Services LLC allowed at least 13 advisers who...

  • China needs to prioritize reforms: IMA Asia Sunday, 25 Oct 2015 | 8:08 PM ET
    China needs to prioritize reforms: IMA Asia

    Richard Martin, executive VP of IMA Asia, says China's 12th five-year plan contains contradictions and a lack of focus on reforms.

  • ISDA on the progress of post-GFC reform Sunday, 25 Oct 2015 | 7:31 PM ET
    ISDA on the progress of post-GFC reform

    Scott O'Malia, CEO of the International Swaps and Derivatives Association, discusses global financial and capital reforms post-2008.

  • Puerto Rico is edging closer to bankruptcy Thursday, 22 Oct 2015 | 11:00 PM ET

    Puerto Rico could be completely illiquid by November, pushing it closer to defaulting on major debt payments, top officials said.

  • Starling Bank: Changing UK’s banking sphere Thursday, 22 Oct 2015 | 11:40 AM ET
    Starling Bank: Changing UK’s banking sphere

    Starling Bank CEO, Anne Boden, explains why mobile is enough for people to manage their current accounts.

  • WASHINGTON, Oct 22- U.S. banking regulators plan to adopt long-awaited rules on Thursday requiring big U.S. banks to post more collateral when they trade in riskier derivatives. "These margining practices will promote financial stability by reducing systemic leverage in the swaps marketplace, and promote the safety and soundness of banks by discouraging the...

  • U.S. regulators set to approve final swaps margin rules Thursday, 22 Oct 2015 | 10:00 AM ET

    WASHINGTON, Oct 22- U.S. banking regulators plan to adopt long-awaited rules on Thursday requiring big U.S. banks to post more collateral when they trade in riskier derivatives. The final rules from the Federal Reserve, Federal Deposit Insurance Corp and other agencies would require banks, asset managers, hedge funds and others to put up roughly 30 percent more...

  • LONDON, Oct 22- Global banking regulators are not looking for the banking sector to raise yet more capital as political support for additional rules wanes and the regulatory juggernaut slips down a gear, top officials said on Thursday. Those rules are being added to, but most of the focus is now on applying them consistently rather than "layering on" more capital...

  • CME Group to raise transaction fees in January Tuesday, 20 Oct 2015 | 6:48 AM ET
    A trader signals offers in the Standard & Poor's 500 stock index futures pit at the CME Group in Chicago.

    The CME Group plans to raise transaction fees on a host of products starting Jan. 1, 2016, pending regulatory approval, the exchange said on Monday.

  • CME Group to raise transaction fees in January Monday, 19 Oct 2015 | 7:29 PM ET

    CHICAGO, Oct 19- The CME Group Inc plans to raise transaction fees on a host of products starting Jan. 1, 2016, pending regulatory approval, the exchange said on Monday. Fees for members to trade agricultural options on CME's electronic Globex platform will rise to 36 cents, from the current level of 25 cents, to match fees on agricultural futures.

  • NEW YORK, Oct 19- U.S. derivatives regulators charged a Chicago- based trader and his firm on Monday with using a manipulative trading tactic known as "spoofing" in the futures market across four different exchanges. The Commodity Futures Trading Commission, in a civil lawsuit against Igor Oystacher and his proprietary trading firm 3 Red Trading LLC, said the...

  • China Q3 growth to be below consensus: OCBC Sunday, 18 Oct 2015 | 9:18 PM ET
    China Q3 growth to be below consensus: OCBC

    Tommy Xie, economist for treasury research and strategy at OCBC Bank, reckons China's Q3 GDP will come in at 6.7 percent, with little support from the property sector.

  • Why SOE reform is crucial for China Sunday, 18 Oct 2015 | 8:41 PM ET
    Why SOE reform is crucial for China

    China's state-owned enterprises (SOE) need to boost productivity, which is becoming a top priority for Beijing, notes Uwe Parpart, MD and head of research at Reorient Financial Markets.

  • DIARY-Top Economic Events to Oct 30 Friday, 16 Oct 2015 | 8:01 PM ET

    CHICAGO- The board of governors of the Federal Reserve System, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation hold a joint meeting on the Economic Growth and Paperwork Reduction Act of 1996 regulations- 1400 GMT. RICHMOND- Federal Reserve Bank of Richmond President Jeffrey Lacker speaks on "Early Childhood...

  • LONDON, Oct 15- Britain is scrapping plans that would treat senior bankers as' guilty until proven innocent', easing industry fears that tough new rules will scare top talent away from London and further appeasing a sector bristling against stringent regulation. But a rule that demanded senior managers prove they had taken appropriate steps to prevent...